Texas Real Estate Finance and Investment Center

In November 1999, the Department of Finance at The University of Texas at Austin created the Real Estate Finance and Investment Center, the first program of its type at a major university.

The Center takes advantage of exceptional faculty to cultivate cutting-edge research and curricula on finance-related real estate issues, such as the valuation of mortgage-backed securities, the financial structure of real estate investment trusts, the agency issues associated with real estate financing agreements, and the efficiency of real estate investment markets.

REFIC Council

Members of the Council of the Real Estate Finance and Investment Center are leading practitioners in the Texas and U.S. real estate communities. They serve as advisers and financial supporters of one of the most talked-about real estate programs in the country. REFIC Council members are seasoned real estate professionals who specialize in a number of areas including finance, development, asset management, acquisitions, and investments.

Members of the council assist the Center Leadership and faculty by advising on program strategy and curriculum design, speaking to classes, providing career advice to students in the program, identifying employment opportunities for students, and supplying real estate investments for case study opportunities. 

Center Highlights

Real Estate Council Conferences

The Real Estate Council members are leading practitioners in Texas and all over the U.S. They serve as advisers and financial supporters of the Center. The Council’s private conferences provide an opportunity to share real estate insight and best practices.

National Real Estate Challenge

During the National Real Estate Challenge, graduate student teams from 16 top business schools compete for highest honors and $25,000 in cash awards in a national real estate case competition. 


Started in 2007, the REIT Fund is a student-managed investment fund that focuses solely on U.S. Real Estate Trust (REIT) equity securities.

Summer Real Estate Research Symposium

Hosted by: UT Austin, UC-Berkeley, Columbia, Cornell, UCLA, Wharton and National University of Singapore.The Center co-hosts an annual summer real estate research conference with other top schools. It includes research by academics in real estate, finance and economics.  

Career Mentoring for Students

The Center matches business professionals to students interested in their field. It creates a relationship that promotes the education of students and increases networking.

Student Organization Support

Graduate Real Estate Society
Undergraduate Real Estate Society

To learn more about REFIC, please visit the Center's homepage.